GBPUSD Movement
On Friday, the GBP marginally rose 0.83% against the USD and closed at 1.5177, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1.5175, with the GBP trading a tad lower from Friday’s close.
The pair is expected to find support at 1.5071, and a fall through could take it to the next support level of 1.4968. The pair is expected to find its first resistance at 1.5234, and a rise through could take it to the next resistance level of 1.5293.
Amid a weak economic calendar in the UK today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
